Tax

Oct 11, 2024, 00:00 AM by Jessica Salerno Shumaker

Specifically, the state finished September with $2.1 billion, $547.1 million or 36 percent over the updated estimate for the month. The estimated revenue for September had been $1.5 billion.

Oct 11, 2024, 00:00 AM by Jessica Barboza

The Department of the Treasury and the IRS today issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies to 403(b) plans beginning in 2025. These plans are similar to 401(k) plans but are generally for employees of charities and public schools.

Oct 11, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Oct 10, 2024, 00:00 AM by Jessica Salerno Shumaker

OSCPA members have until Dec. 2 before multi-factor authentication becomes an OH/ID login requirement for the OBG. Those practitioners who do not request user access and add their clients before Dec. 2 could lose access to filing and paying in the OBG for their clients.

Oct 4, 2024, 00:00 AM by Jessica Salerno Shumaker

The Federal Reserve for the first time in four years cut the interest rate by 0.5 percentage points last month, which could not only stimulate the broader economy but also affect state budgets going forward, including Ohio’s.

Oct 4, 2024, 00:00 AM by Jessica Barboza

The IRS says it is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit.

Oct 4, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Sep 27, 2024, 00:00 AM by Jessica Salerno Shumaker

The Ohio Department of Administrative Services recently shared with OSCPA that through Sept. 16 only 35% of current OH/ID users have completed required Ohio Business Gateway actions prior to an upcoming deadline.

Sep 27, 2024, 00:00 AM by Jessica Barboza

The IRS has released Notice 2024-68 announcing the special per diem rates effective Oct. 1, 2024, which taxpayers may use to substantiate the amount of expenses for lodging, meals and incidental expenses when traveling away from home.

Sep 27, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Sep 20, 2024, 00:00 AM by Jessica Salerno Shumaker

Everything is at stake when it comes to federal tax legislation for the upcoming election, according to one tax expert.

Sep 20, 2024, 00:00 AM by Jessica Salerno Shumaker

The IRS has issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT).

Sep 20, 2024, 00:00 AM by Jessica Salerno Shumaker

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Sep 19, 2024, 00:00 AM by Jessica Salerno Shumaker

The pandemic caused a significant increase in hiring remote workers and that means more tax considerations for businesses.

Sep 13, 2024, 00:00 AM by Jessica Salerno Shumaker

Newly updated revenue forecasts for FY25 were close to the mark in August, with tax collections netting about half a percent more than expected, according to the OBM.

Sep 13, 2024, 00:00 AM by Jessica Barboza

The IRS is encouraging state and local governments to complete the pre-filing registration process now for projects placed in service in 2023 if they plan to claim elective pay.

Sep 13, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting tax and financial planning news items from around the web.

Sep 12, 2024, 00:00 AM by Jessica Salerno Shumaker

CPAs looking to collaborate with clients to enhance their financial futures should consider the changes ahead.

Sep 6, 2024, 00:00 AM by Jessica Salerno Shumaker

The OBG on September 5 implemented a targeted enhancement for CPAs to simplify and streamline the User Access Request process within the OBG Portal.

Sep 6, 2024, 00:00 AM by Jessica Barboza

The IRS has issued a reminder that employers who offer educational assistance programs can also use them to help pay for their employees’ student loan obligations through Dec. 31, 2025.